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• 4. FINANCIAL INCENTIVES <br /> [Insert information regarding City's (a) Tax Increment Financing Policy <br /> and (b) Business Improvement Partnership Loan program] <br /> 5. DISINCENTIVES FOR ECONOMIC DEVELOPMENT <br /> A"disincentive for economic development" can be defined as a fact or a set of <br /> circumstances : <br /> a. that might make a developer or,business owner less inclined to <br /> establish a new business in Mounds View; or <br /> b. that might make a developer or business owner less inclined to relocate <br /> an existing business to Mounds View; or <br /> c. that might make an existing Mounds View business less inclined to <br /> expand its operation in Mounds View; or <br /> d. that might make an existing Mounds View business consider moving <br /> • its operation to another community; or <br /> e. that might adversely affect, in some other way, the ability of an existing <br /> Mounds View business to achieve economic success. <br /> At the present time, the following are some of the factors or circumstances that <br /> developers and/or local business owners might consider disincentives for economic <br /> development in Mounds View: <br /> 1. A scarcity of undeveloped land suitable for new construction. <br /> 2. The small size of the few remaining parcels of undeveloped land that <br /> still remain. <br /> 3. Unrealistic price expectations on the part of those who own <br /> undeveloped parcels of land (i.e., asking prices well in excess of actual market <br /> value). <br /> 4. Actual or perceived neighborhood opposition to commercial <br /> development of certain types in certain areas. <br /> 5. Uncertainty regarding the position/direction/philosophy of the City <br /> Council and/or EDA with respect to commercial and industrial development in <br /> 2 <br />